Greek Bailout

Proposals set forth by France to involve the private sector in sharing the burden of another Greek bailout are not likely to trigger a credit event, according to the ISDA. New York Attorney General Eric Schneiderman has issued subpoenas to at least nine life insurers about payouts to deceased...

Greek Prime Minister George Papandreou has won enough votes for the second budget bill, and the austerity vote has passed. Markets are higher after the vote. The Dow is up 110 points, the NASDAQ is up 23 points and the S&P 500 is up nearly 10 points.

News just hit that the Greek medium term vote will be held tomorrow at 2 p.m. local time, 7 a.m. eastern.

President Barack Obama is going to be in talks with Senate Republicans today to discuss the debt ceiling. Chinese Premier Wen Jiabao said that inflation may exceed 4%, potentially leaving the door open for further interest rate hikes. French banks have reached the beginnings of a deal to roll...

It looks like we have our reason for the Euro spike. Reuters reported that the new rolled-over Greek bonds could potentially get a guarantee from the Euro Financial Stability Fund, and thus have a AAA rating. The news was first heard from @FirstAdopter on Twitter. Additionally, there has also...

Since this morning, the Euro has been surging, but there is no news out there that would explain the surge. Look at this chart of the Euro, which is seeing continuous green bars. As such, the equity markets are at session highs, with the NASDAQ up 12 points and the Dow up 50 or so points. The...

So much for the Greek induced rally. The NASDAQ has given up the sharp gains it saw after news hit that Greece has reached an austerity plan for 5 years with the European Union and the IMF. After the news hit, the NASDAQ jumped up as much as 0.5%, but since then, has given back those gains, and is...

News just hit that Greece has reached an agreement with the European Union and the IMF inspectors on a 5 year austerity plan. The markets jumped on that news, with the NASDAQ briefly going positive. At last check, the Dow was off 125 points, the NASDAQ is up 1.5 points and the S&P 500 is down...

The House of Representatives passed legislation yesterday that would allow companies like Royal Dutch Shell (NYSE: RDS-A) to drill in the Arctic by removing regulatory hurdles. European leaders are meeting tonight to hash out a deal to help Greece avoid default.

The new Greek bailout facility is likely going to be until 2012, and will likely be around €138 billion, which is up sharply from the €80 billion number that was mentioned just a few weeks ago. CNBC is reporting that Northern European countries (such as Netherlands) are fed up over Greece, and...

Greek Prime Minister George Papandreou won a confidence vote yesterday, which will give Greece additional bailout funds to help it stave off default. Lambs, gyros and hairy men for all!!! Paul R. Allen, the former CEO of Taylor Bean & Whitaker received a 40 month sentence for participating in...

In a stunning move, the Greece confidence move has passed, and the markets are reacting in kind. The Euro is moving higher as a result of this vote, and equity futures are moving higher as a result of the vote. Traders should watch the CurrencyShares Euro Trust (NYSE: FXE) tomorrow as a result...

Greece No Confidence Vote Starting Now

Greece's new finance minister, Evangelos Venizelos promised today that the Greek parliament will pass an austerity package by the end of the month. An austerity package is needed for Greece to receive the next portion of its 2010 €110 billion package, which helped stave the country from defaulting...

A Greek website, Capital.gr, says that the Greek no-confidence vote is likely to pass tonight. The vote is a condition of Greece receiving the European Union's portion of the next tranche of the bailout due in July. The tranche was originally scheduled to be paid this month, but has been pushed...